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shsbdncudx 7 days ago | hide | past | favorite

There is nothing there but hashing numbers over and over to provably expend some electricity. It isn't wasted, which is constantly repeated but actually false.

It is in fact the core security mechanism - we cannot reverse the 2nd law of thermodynamics. Probably doesn't do much for singularity.

It's the perfect cover for high/hyperinflation though.

Why post pretty much the same counterargument on every thread about bitcoin when it's arguing against an assertion which hasn't even been made

Yawn, yet more crypto-currency drivel on HN.

I think this is meaningless junk, again ( https://news.ycombinator.com/item?id=26134264 )

I think that BTC (and all other cryptocurrencies) could have better uses for any AGI or whatever you wanna call that than piggybacking on their infra. In theory it would be relatively easy for "it" to hack its way around and install miners, steal wallets, and manipulate markets in order to make more money with which to either buy hardware or time/space in datacenters or cloud infra.

I don't think it has ever been easier for a software to make money than it is right now. The volatility of these markets together with the obscure nature of many of the cryptocurrencies and the fact that many vendors are starting to accept them is an interesting win for any singularity.


If it's a cover for anything it's right-wing politics.

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